28 Feb '10 19:54>1 edit
a couple of years ago we were looking at $2 for every £1... not it's around $1:50 per £1 and has floated around that for about a year now... what are we expected in the coming months?
Originally posted by trev33A General Election! Its looming presence is already affecting the markets, and the possibility of a hung parliament more so than might usually be the case. (It's more that the UK is unaccustomed to hung parliaments than the prospect in the abstract that is worrying the markets, though: plenty of coalition or minority governments have passed budgets with ambitious cuts to the budget.) A formal Con-Lib or Lib-Lab coalition looks pretty unlikely at the moment (not least because of an early announcement to that effect by Clegg), so there would be no guarantees that an early and probably unpopular budget presented by a minority government would be passed. In a worst-case scenario, we could see legislative deadlock - and whether or not one likes facetiously to think that wouldn't matter a great deal, the markets will most certainly beg to differ.
what are we expected in the coming months?